All posts tagged Wockhardt

A recent FDA inspection of a key U.S. plant run by Wockhardt, an Indian drug maker that is a large supplier to the U.S., found a dozen quality-control problems and is likely to further underscore regulatory concerns about the Indian pharmaceutical industry’s manufacturing practices. Read More »

Investors dumped Wockhardt Ltd.’s shares Monday on news a Mumbai court has admitted a winding-up petition filed by some of the company’s bond holders.

Debt-laden Wockhardt has been battling some of its creditors over the terms of repayment of a foreign currency convertible bond issue that matured in October 2009 but which the company was unable to fully repay.

If the Mumbai judge decides in favor of liquidation, Wockhardt would only have a few weeks to settle with bondholders. Analysts expect the company’s shares to remain under pressure until a judge hears the case. Read More »

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